It will familiarize you with the basic terminology and benefits.

In your opion #2, would that require you to rent a home in Seattle?

You basically sell to your self but still own it. 

I don't know if this is required in your locality but if it isn't get rid of it.

Hard money lenders are much more like banks and come with many restrictions, requirements, due diligence, fees, etc.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

You basically have no escape plan.

Basically when you compare Cleveland to Riverside, California most every Cleveland deal will look amazing to you on paper.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

His name is Dalton Godson with Nexa Mortgage and we're using a UWM product.If you’ve found a lender willing to work with smaller loan amounts, what were their requirements and rates like?